In the international tender for the grain lanched past week, GASC, received the lowest offer at $242.93 per tonne for 60,000 tonnes of Romanian wheat on a free-on-board basis, this morning.
The buyer is seeking an unspecified quantity of wheat for #shipment Aug. 25- Sept. 5 with payment to be made at sight.
GASC amended its tender terms to allow suppliers to present #freight offers for their cargoes outside of the standard shipping tender process but GASC did not receive a single one.
In fact, GASC received only offers for six vessels in the freight tender.
Freight markets are turbulent and there are many risks.
The Baltic Exchange’s main sea freight index -BADI-, tracking rates for ships carrying dry bulk #commodities, rose at its last session, bolstered by firmer rates across vessel segments.
Consequentially, traders offers was presented at the tender in dollars per tonne on a FOB basis.
The best offers including cost and freight (C&F) were:
Cargill: 60,000 tonnes of Romanian wheat at $242.93 and $27.85 freight equating to $270.78;
Ameropa: 60,000 tonnes of Romanian wheat at $244.89 and $27.85 freight equating to $272.74;
Ameropa: 60,000 tonnes of Romanian wheat at $244.89 and $27.85 freight equating to $272.74;
CHS: 60,000 tonnes of Romanian wheat at $245.27 and $30.48 freight equating to $275.75;
Grain Export: 60,000 tonnes of Romanian wheat at $246.00 and $30.48 freight equating to $276.48.
No purchase has yet been made but tender results are expected later this afternoon.
Sourced by Reuters
